Private residential home prices in Hong Kong declined 0.5% in July, marking the first monthly decrease in 16 months since March 2025, according to data from the Rating and Valuation Department.
The July decline followed a revised 0.2% increase in June, reflecting a short-term softening after a prolonged upward trend. Over the first seven months of 2025, prices have risen 7.3%, while the cumulative gain since the trough in March 2025 stands at 12.8%.
Hong Kong’s residential property market, among the world’s least affordable, has rebounded from a nearly 30% slump since its 2021 peak. Realtors cited consolidation pressures as buying demand faces headwinds from a stock-market correction and tighter restrictions on outbound investment from mainland China. Historically, the market has been supported by strong sentiment, robust equity markets, steady demand from mainland professionals, and an easing oversupply of housing.
